Oil Prices Tumble as Traders Price In a Strait of Hormuz Breakthrough
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Oil Prices Tumble as Traders Price In a Strait of Hormuz Breakthrough
Oil prices have tumbled as traders price in a breakthrough in the Strait of Hormuz, a key shipping route. The development has led to a decline in oil prices, with Brent crude falling by 0.57% and WTI crude by 0.44%.